The Bittensor $TAO market is showing its first real signs of life in months, finally reclaiming the $290 level. This isn't just another random spike; $290 has acted as a brick wall since last year, and turning it into support is a massive psychological win for bulls.
The Trade Logic
The current setup relies on a S/R (Support/Resistance) Flip. By holding above $290, TAO has exited a long-term accumulation floor.
The Play: Look for a sustained hold above $290 on the daily candle. If volume continues to trend upward, the next logical magnet is the $355–$360 resistance cluster.
The Pivot: A decisive break above $360 shifts the narrative from a "relief rally" to a "trend reversal," potentially opening the door to the $420 range.
Caution: The RSI is climbing but not yet overextended. Expect a breather or minor consolidation around $300 before the next leg up.
Bittensor is doing the hard work. If it clears $360, the old $500+ highs move from "dreaming" to "data-driven" targets.
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